On the contrary, climate and ecological damage, as well as the worrying concentration of the greenhouse gas CO2 in the atmosphere, which has increased by 45% since the Industrial Revolution, is a direct impact of extractive patterns that are rooted in the activities of industries that intensively burn fossil fuels to produce electricity5. [...] Control: The power to ensure that the corporation acts following the wishes of the entity, or the ability to exercise effective influence over the corporation, whether by ownership or by other means–direct or indirect, formal or informal. [...] In TKBI, there is a contradiction between the sustainable mission and maintaining the dominance of the coal industry in the Indonesian energy mix, which shows that the government is not serious about reducing coal use. [...] If one refers to the literature on systemic corruption, the phenomenon when actors, generally the government or legislators, who are given the responsibility to regulate a sector in the public interest, actually accommodate the interests of a few or even the interests of the sector that should be regulated, is commonly known as regulatory capture50. [...] Apart from serving as the Chairman of the Indonesian Chamber of Commerce and Industry (KADIN), he is involved as the Head of the Winning Team for the candidacies of Ganjar Pranowo and Mahfud MD in the 2024 Election.
- Pages
- 61
- Published in
- Indonesia
Table of Contents
- Contents 3
- Key Findings 5
- Introduction 7
- Methodology 12
- The Largest Coal Corporations in Indonesia and Their Sources of Financing 27
- Dominant Players in the Upstream and Downstream of the Dirty Energy Business 29
- ADARO 29
- The Financing of Coal Corporations in Indonesia 34
- The 1 Behind the Indonesian Coal Giants 43
- Bumi Resources 46
- DSSA Sinar Mas 47
- Bayan Resources 48
- Indika Energy dan Multi Tambangjaya 49
- TBS Energi Utama 50
- Conclusions Recommendations 51
- Conclusions Recommendations 52